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Wade M. Berlin

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Broker IDX Sites Inc.
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434 Tillman Avenue
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PRICED AT ONLY: $850,000

Address: 434 Tillman Avenue, LAKE WALES, FL 33853

Description

Discover an outstanding investment opportunity in the heart of Lake Wales! This 7 unit multifamily property offers strong rental income, solid occupancy, and multiple recent upgrades that make it a turnkey addition to your portfolio. The property features five 2 bed/1 bath units and two 1 bed/1 bath units, providing a versatile mix ideal for long term tenants. Several major improvements have already been completed, including new roofs and some newer A/C systems, giving peace of mind and reducing upcoming maintenance costs. One of the standout benefits of this property is the large onsite storage area, offering excellent potential for expansion or value add opportunities. Whether youre looking to increase income with additional storage rentals or reconfigure the space for future improvements, the options are there. Located close to schools, shopping, dining, and major roadways, tenants enjoy convenience and strong accessibilityhelping keep occupancy consistently high. Investor Highlights: 7 rental units (5 2/1 + 2 1/1) New roofs & some newer A/C units Strong existing cash flow High occupancy history Expansion potential for storage area Centrally located with steady rental demand This is the kind of multifamily property that rarely hits the marketstable, improved, and packed with upside. Dont miss your chance to secure a high performing asset in one of Central Floridas growing markets!
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  •   Property Tax $
  •   Home Insurance $
  •   HOA Fees $
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  • MLS#: L4957773 ( Residential Income )
  • Street Address: 434 Tillman Avenue
  • Viewed: 3
  • Price: $850,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1920
  • Bldg sqft: 0
  • Bedrooms: 12
  • Total Baths: 7
  • Garage / Parking Spaces: 1
  • Days On Market: 6
  • Additional Information
  • Geolocation: 27.8998 / -81.5821
  • County: POLK
  • City: LAKE WALES
  • Zipcode: 33853
  • Subdivision: Lake Wales
  • Provided by: BHHS FLORIDA PROPERTIES GROUP
  • Contact: Wes Fleming
  • 863-701-2350
  • mfrmls
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: None, Storage
  • Living Area: 4466.00
  • Roof: Membrane, Shingle
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 1.00
  • Cooling: Central Air
  • Heating: Electric
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Phone Available
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Rental Information
  • Tenant Pays: Electricity
Other Features
  • Country: US
  • Interior Features: Ceiling Fans(s), Solid Surface Counters, Solid Wood Cabinets
  • Legal Description: LAKE WALES PB 1 PG 88A 88B S1&2 T30 R27 BLK 42 LOT 4
  • Levels: Two
  • Area Major: 33853 - Lake Wales South
  • Parcel Number: 27-30-01-883000-042040
  • Possession: Close Of Escrow
  • Zoning Code: R-2

Contact Info

  1. The Real Estate Professional You Deserve
  2. Mobile: 904.248.9848
  3. phoenixwade@gmail.com
Wade M. Berlin